Examlex
What conclusions would you make from the chart below?
Probability
The measure of how likely it is for an event to occur, expressed as a number between 0 (impossible) and 1 (certain).
Customers
Individuals or businesses who purchase goods or services from another entity.
Expected Value
The average outcome of a random variable, calculated as the sum of all possible values each multiplied by their respective probability of occurrence.
Raffle Tickets
Tickets sold as a means to raise money for a cause, with the chance of winning prizes.
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